Sold
Last Sold Price
30 beds
1216 Major St, Normal, IL 61761
Multi FamilyProperty Type
1.45 acresLot Size
1972Year Built
55 carsParking Spaces

Description

Three (3) buildings with 10-efficiencies per building. 100% occupied, Below market rents $330-375/month, Abundant parking, Simple layout for easy updating, Less than 1 mile to ISU Campus, 11 minutes to Heartland Community College & 13 minutes to Rivian. Property will be open on Thursday, June 2, from 10 a.m. - 2 p.m. for interested parties to view a couple of units. Please do not disturb owner, property manager or tenants.Three (3) buildings with 10-efficiencies per building. 100% occupied, Below market rents $330-375/month, Abundant parking, Simple layout for easy updating, Less than 1 mile to ISU Campus, 11 minutes to Heartland Community College & 13 minutes to Rivian. Property will be open on Thursday, June 2, from 10 a.m. - 2 p.m. for interested parties to view a couple of units. Please do not disturb owner, property manager or tenants.

    Sold By RE/MAX Rising

    • Listed by: Meghan O'Neal-Rogozinski 309.664.3617 meghan.oneal@cbcregroup.com • Coldwell Banker Commercial Real Estate Group
    Listing closed: 08/29/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11419073

    Recent comparable sales

    Median sold price

    $850,000

    Avg days on market

    27

    Sale-to-list ratio

    97.9%

    Normal, IL

    9 comparable properties found

    a view of a brick house with a yard
    1/2
    1

    $685,000

    Sold 05/31/25

    32
    Bedrooms
    Unavailable
    Square Feet
    0.19
    Acres
    $762,500 | 715 South Golfcrest Road, Normal, IL 61761
    1/88
    2

    $762,500

    Sold 12/03/25

    20
    Bedrooms
    Unavailable
    Square Feet
    0.57
    Acres
    $762,500 | 712 North Golfcrest Road, Normal, IL 61761
    1/87
    3

    $762,500

    Sold 12/03/25

    20
    Bedrooms
    Unavailable
    Square Feet
    0.54
    Acres
    a front view of a house with a yard table and chairs
    1/67
    4

    $800,000

    Sold 07/15/26

    5
    Bedrooms
    6,366
    Square Feet
    0.52
    Acres
    5

    $877,500

    Sold 07/14/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    11,840
    Square Feet
    Unavailable
    Acres
    6

    $1,260,000

    Sold 05/14/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    8,465
    Square Feet
    Unavailable
    Acres
    7

    $850,000

    Sold 09/23/25

    Unavailable
    Bedrooms
    2.5
    Bathrooms
    16,280
    Square Feet
    1.78
    Acres
    8

    $992,000

    Sold 03/20/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,519
    Square Feet
    Unavailable
    Acres
    9

    $975,000

    Sold 11/18/25

    Unavailable
    Bedrooms
    2
    Bathrooms
    3,490
    Square Feet
    Unavailable
    Acres

    Location

    Add your commute

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    30 year fixed, 6.71% Interest

    Principal and Interest

    $5,168

    Property Taxes

    $2,238

    HOA Dues

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    Property Information for 1216 Major Street

    Property Details
    • Taxes: $26,851 / year
    • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
    • Area: Normal
    • Township: Normal
    • Air Conditioning Type: Window Unit(s)
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI
    Building Information
    • Stories: 1
    • Residences: 30
    • Year Built: 1972
    • Lot Size: 1.45 AC / 63,162 SF
    General Information
    Location and General Information
    • BNAR Zoning: R3A
    • Information: Other-See Remarks
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Window Unit(s)
    • Electric: Separate Meters
    • # Of Washers: 0
    • Heat/Ventilation: Wall Unit
    • # Of Window/Ac: 30
    • # Of Refrigerators: 30
    • Washer/Dryer Lsd: No
    • # Of Dryers: 0
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 30.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Corridor-Exterior Entrance
    • Lot Dimensions: 398 X 160
    • Lot Size Square Feet: 63162.0
    • Stories: 1
    • Building Area Total: 13992
    • Lot Size Source: County Records
    • # Of Ranges: 30
    • Conversion: N
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 20
    • Deconversion: N
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 06-10-2022
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 30
    Income & Expenses
    • Electric Expense: $1,436.00
    • Fuel Expense: $7,899.00
    • Gross Income: $125,389.00
    • Gross Scheduled Income: $125,389.00
    • Insurance Expense: $3,810.00
    • Maintenance Expense: $.00
    • Manager Expense: $7,414.00
    • Electric Expense Source: Actual
    • Expense Year: 2021
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 0
    • Manager Expense Source: AC
    • Net Operating Income Year: 2021
    • Other Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 10449
    • Water Expense Source: Actual
    • Net Operating Income: $57,678.00
    • Operating Expense: $67,711.00
    • Other Expense: $3,719.00
    • Trash Expense: $2,653.00
    • Water Sewer Expense: $13,929.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 30
    Unit 2
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 0
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 1216 Major Street

    DateEvent & SourcePriceAppreciation
    Aug 29, 2022

    Sold

    MRED #11419073

    $1,000,000
    Jun 20, 2022

    Pending

    MRED #11419073

    Jun 20, 2022

    Contingent

    MRED #11419073

    DateEvent & SourcePrice
    08/29/2022

    Sold

    MRED #11419073

    $1,000,000
    06/20/2022

    Pending

    MRED #11419073

    06/20/2022

    Contingent

    MRED #11419073

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1216 Major Street

    Taxable ValueLand$22,377Additions$113,052Total$135,429
    Tax Record2025$10,520 ($877 / month)
    Home Facts
    Total Finished SqFt4,664 SqFtAbove Grade Finished SqFt4,664 SqFtStories1Lot Size22,080 SqFtStyleCommercialYear Built1972ZoningR-3ACountyMCLEANAPN14-32-278-010

    Schools near 1216 Major Street

    This home is within Mclean County Community Unit School District 5.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 12
    Rating
    School
    Distance
    Oakdale Elementary School
    PublicK to 5

    Kingsley Jr High School
    Public6 to 8

    Normal Community West High School
    Public9 to 12

    Eugene Field School
    Public12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 1216 Major Street, Normal, IL 61761
    $1,000,000
    30
    63,162
    $60,000
    3
    2
    1,440
    7,000
    $210,000
    $210,000
    4,664
    20,800
    9,600

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Coldwell Banker Commercial Real Estate Group

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/31/2022 03:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.